Los Angeles, CA, CA -- (SBWIRE) -- 03/16/2019 -- Binders are used to hold or bind materials close enough so that they form a cohesive unit; binders also act as adhesives. Binder excipients are used during medicine or drug formulations. They are used to form granules of medical powders, which under compaction can take various shapes to form a compact mass, known as tablets.
The growing demand for various pharmaceutical products on account of ageing population and rising cases of chronic diseases acts as the major factor driving the binder excipients market worldwide. The recent patent expiries of a number of drugs is further projected to provide a positive thrust to the demand for binder excipients in generic drug manufacturing. Some of the other factors facilitating the market growth are advancements in nanotechnology, emergence of new excipients and rising demand for functionality excipients. The US and Germany accounted for the major shares because of the presence of a large number of excipient manufacturers. Pharmaceutical companies are the major consumers of binder excipients.
The global Binders Excipients market is valued at 1250 million US$ in 2018 is expected to reach 1890 million US$ by the end of 2025, growing at a CAGR of 5.3% during 2019-2025.
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This report focuses on Binders Excipients volume and value at global level, regional level and company level. From a global perspective, this report represents overall Binders Excipients market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Fuji Chemical Industry
Segment by Regions
Segment by Type
Co-Processed Compressible Excipients
Starches and Polysaccharides
Segment by Application
Dry Form and Solvents
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